Apple (AAPL) delivered blowout results for its holiday first quarter late Tuesday, sending shares up 8% to record highs in after-hours trading, Investor’s Business Daily reported.
Apple earned $13.87 a share, up 116% from a year earlier, on sales of $46.33 billion, up 73%, for the fiscal first quarter ended December 31, reported IBD.
The tech giant guided Wall Street estimates higher. The traditionaly cautious company expects to earn $8.50 a share in Q2 on sales of $32.5 billion, IBD reported.
Apple had a blockbuster Christmas season, selling more iPhones, iPads and Macintosh computers than analysts had expected. The company sold 37.04 million iPhones, 15.43 million iPads and 5.2 million Macs last quarter, according to IBD.